Santander to purchase Abbey National of UK free review LONDON Banco Santander Central Hispano of Spain agreed Sunday night to buy Abbey National, a British bank, in a mostly stock deal worth more than  8.5 billion, according to two executives close to the negotiations. abbey uk banco santander central hispano banco santander central hispano Santander bidding for Abbey (http://www.chinadaily.com.cn/english/doc/2004-07/26/content_351519.htm , China Daily) Abbey board backs '8.5bn Spanish offer (http://business.timesonline.co.uk/article/0,,8209-1191600,00.html , The Times, UK (subscription))   
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Santander to purchase Abbey National of UK

LONDON Banco Santander Central Hispano of Spain agreed Sunday night to buy Abbey National, a British bank, in a mostly stock deal worth more than £8.5 billion, according to two executives close to the negotiations.

Updated Jul 26, 2004 03:07:02
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Description:
Santander bidding for Abbey (http://www.chinadaily.com.cn/english/doc/2004-07/26/content_351519.htm — China Daily)
Abbey board backs '8.5bn Spanish offer (http://business.timesonline.co.uk/article/0,,8209-1191600,00.html — The Times, UK (subscription))

Similar news:
  • Santander Purchase of Abbey May Spur More UK Bank Takeovers - July 27 (Bloomberg) -- Santander Central Hispano SA's 8.3 billion pounds ($15.2 billion) purchase of Abbey National Plc, Britain's sixth-largest lender, may spark more banking takeovers in the UK, where companies are profiting from record borrowing.
  • Santander's Board to Consider Bid for UK's Abbey National - July 25 (Bloomberg) -- The board of Santander Central Hispano SA, Spain's largest bank, will meet in Madrid today to consider whether to buy Abbey National Plc of the UK in Europe's biggest-banking takeover in more than a year.
  • Spain's Banco Santander, UK's Abbey National To Merge - Banco Santander Chairman Emilio Botin said in the statement issued by Abbey: "Abbey's leading position in the UK mortgage market, combined with its strong distribution network, represents for Banco Santander and Abbey shareholders ...
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